FGE Founder & Chairman Fesharaki on Energy Markets

The video discusses the fundamentals of oil demand and supply, highlighting low inventories and strong market fundamentals. It explores OPEC's production challenges and the potential impact of geopolitical events on oil prices. The discussion includes the role of Iranian oil in the market and the outlook for global oil production, focusing on key players like the US, Brazil, and Canada. The video concludes with a debate on peak oil and the impact of climate change goals on the oil industry.

What are the key factors discussed that could lead to a significant increase in oil prices?

• Decreased demand for oil

• High inventory levels

• Geopolitical tensions in the Middle East

• Increased production by OPEC

Which countries are mentioned as being capable of increasing oil production to stabilize prices?

• Canada and Brazil

• Venezuela and Iraq

• UAE and Saudi Arabia

• Russia and Iran

What is the expected impact on oil prices if Russia interrupts supplies from Ukraine?

• There will be no impact on prices

• Prices may rise due to limited mitigation ability

• OPEC can fully mitigate the impact

• Prices will decrease significantly

How quickly can Iran increase its oil production if sanctions are lifted?

• Immediately

• It will take several years

• Within 30 days

• Within 90 to 120 days

What is the anticipated effect on the oil market if Iranian supplies are introduced?

• Prices stabilizing in the mid-70s

• No change in the market

• A collapse in the market

• A significant increase in prices

Which countries are expected to produce record levels of oil later in the year?

• Venezuela and Iraq

• Russia and Iran

• US, Brazil, and Canada

• Saudi Arabia and UAE

What is the long-term outlook for oil demand according to the discussion?

• Demand will decrease due to climate change goals

• Demand will collapse due to alternative energy sources

• Demand will remain stable

• Demand will grow significantly over the next eight years